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CGN Carbon2Green Corporation

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Share Name Share Symbol Market Type
Carbon2Green Corporation TSXV:CGN TSX Venture Common Stock
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Carbon2Green - Agreement With Achrisia Ameriques Inc. for Soliciting the Financing of the Jatropha Project

05/07/2010 7:44pm

Marketwired Canada


Carbon2Green Corporation (the "Corporation" or "Carbon2Green") (TSX VENTURE:CGN)
is proud to announce the conclusion of an agreement with Achrisia Ameriques Inc.
to structure the financing of the entire jatropha project in Democratic Republic
of the Congo ("DRC") through World Sports Alliance ("WSA") which has already
expressed its interest in the project and indicated guidelines for its financial
involvement. The proposed financing, subject to customary conditions including
due diligence, would proceed in accordance with the public-private partnerships
format to intervene between the DRC and WSA following the WSA project financing
model.


The total required investment for this project, which has been presented to the
Corporation's shareholders over the past year, is valued at CDN$22,000,000.
Funding is linked to the production of jatropha oil from the Corporation's
current project in the DRC. The Corporation's management will act as lead
partner in the public-private partnership for managing daily operations. In
addition, following the acceptance of a production program by the DRC, an
additional protocol must be signed between the public-private partnership and
the DRC, as well as a long term sovereign guaranty to be issued by the DRC to
the public-private partnership in order to guaranty the purchase by the DRC of
the produced biodiesel at a pre-negotiated price per liter between the parties,
including an indexing formula. The sovereign guaranty will be used by the
public-private partnership to fund the project.


As the project operator, Carbon2Green will receive twenty-five percent (25 %) of
net profits from the production of jatropha oil. Carbon2Green will also retain
full ownership of carbon credits to be generated by the project. In the event of
a successful funding sought by Achrisia Ameriques Inc., the latter will receive
5% of the total funding.


About Carbon2Green (www.carbon2green.ca)

Carbon2Green Corporation is a carbon project developer dedicated to the
international effort to reduce greenhouse gases. Its main business activities
are under the Clean Development Mechanism (CDM), an arrangement under the Kyoto
Protocol monitored by the United Nations Framework Convention on Climate Change
(UNFCCC). The first business initiative of Carbon2Green is the implementation of
the plantation of 14,000 ha of jatropha and the production of biofuel from such
jatropha plantations as replacement for fossil derived diesel.


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.


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